LOCAL 308 AMER FED OF MUSICIANS (EIN 951588812) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1906

Legal Domicile

Principal Officer

ELISE UNRUH

Phone

8056873519

Tax Period

2024-01-01 to 2024-12-31

LOCAL 308 AMER FED OF MUSICIANS, founded in 1906, is a small nonprofit that reported $129K in total revenue in fiscal year 2024. Revenue surged 89% from the prior year, signaling strong growth momentum. The organization ran a surplus of $55K, a strong 43% operating margin.

Mission

LABOR ASSOCIATION ORGANIZED TO PROTECT AND SECURE THE RIGHTS OF PROFESSIONAL MUSICIANS IN THEIR PROFESSIONAL ACTIVITIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $48,425

Program Service Revenue $0

Investment Income $79,921

Other Revenue $388

TOTAL REVENUE $128,734

Expense Breakdown

Grants Paid $7,500

Salaries & Benefits $20,633

Fundraising Expenses $0

Program Expenses $28,025

Other Expenses $29,106

TOTAL EXPENSES $73,712

Year-over-Year Comparison

	2024	2023	Change
Revenue	$128,734	$68,226	+0.9%
Expenses	$73,712	$60,052	+0.2%
Net Income	$55,022	$8,174	+5.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$18,000

Total Directors

$18,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NEIL GARBER	PRESIDENT	10.00	Officer Director	$9,000	$0	$9,000
LAURIE WOODS	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
ELISE UNRUH	SECRETARY-TREASURER	10.00	Officer Director	$9,000	$0	$9,000
KATHY EISNER-GARBER	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES LABERTEW	BOARD MEMBER	1.00	Director	$0	$0	$0
KEVIN FOX	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDREW RADFORD	BOARD MEMBER	1.00	Director	$0	$0	$0
JEANNE ULLOM	BOARD MEMBER	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$128,734	$73,712	$1,418,940	$55,022
2023	$68,226	$60,052	$1,294,125	$8,174
2022	$72,572	$56,708	$1,171,841	$15,864
2021	$70,407	$43,487	$1,197,799	$26,920
2020	$67,649	$48,446	$1,175,031	$19,203
2019	$990,685	$49,818	$1,156,506	$940,867

LOCAL 308 AMER FED OF MUSICIANS